Dogecoin (DOGE) is about to break out! Expected target: $0.35 USD
According to my technical analysis of the DOGE/USDT 4-hour chart, DOGE is currently at the end of a typical 'Symmetrical Triangle', with prices gradually compressing and ready for a directional breakout.
The chart shows that DOGE has been in a long-term uptrend, with several tests of support and resistance in the short term, forming a symmetrical triangle convergence pattern. The price has successfully broken above the upper trendline resistance and is stabilizing above MA(25) and MA(7), with trading volume also increasing, indicating a return of market buying.
In terms of the MACD indicator, a golden cross has initially formed, and the momentum histogram has turned positive, signaling a strong rebound.
Forecast: It is expected that the DOGE price will undergo some consolidation in the short term, and after confirming support is effective, it will begin a wave of accelerated growth, targeting a price of $0.35 USD. This will represent a potential mid-term trend, worthy of close attention from investors.
Operational suggestion: Conservatives may wait to enter after the price pulls back to the upper edge of the triangle, while aggressive traders may position small amounts at the current level, using MA(99) as a stop-loss reference. Risk control remains the top priority.
#狗狗币崛起
$DOGE
According to my technical analysis of the DOGE/USDT 4-hour chart, DOGE is currently at the end of a typical 'Symmetrical Triangle', with prices gradually compressing and ready for a directional breakout.
The chart shows that DOGE has been in a long-term uptrend, with several tests of support and resistance in the short term, forming a symmetrical triangle convergence pattern. The price has successfully broken above the upper trendline resistance and is stabilizing above MA(25) and MA(7), with trading volume also increasing, indicating a return of market buying.
In terms of the MACD indicator, a golden cross has initially formed, and the momentum histogram has turned positive, signaling a strong rebound.
Forecast: It is expected that the DOGE price will undergo some consolidation in the short term, and after confirming support is effective, it will begin a wave of accelerated growth, targeting a price of $0.35 USD. This will represent a potential mid-term trend, worthy of close attention from investors.
Operational suggestion: Conservatives may wait to enter after the price pulls back to the upper edge of the triangle, while aggressive traders may position small amounts at the current level, using MA(99) as a stop-loss reference. Risk control remains the top priority.
#狗狗币崛起
$DOGE
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